Shares of TeraWulf Inc. (NASDAQ:WULF) are falling Friday after U.S. President Trump posted on social media that he was considering an increase in tariffs on Chinese products. This drop, which erases the gains from TeraWulf’s record high earlier in the day, is due to weakness in the market and broader crypto sector.
What To Know: TeraWulf reached an all-time high of $15.51 at market open, riding on a rising wave of positive sentiment about cryptocurrency. The stock lost its gains, which were from a price target raise and positive analyst note, after Trump’s social media post.
